US based Lincoln Financial Group has spun off Lincoln VisionConnect, a fully insured vision plan for employer benefit packages, which caters full range of vision benefits, assisting employees to improve quality of life and production of work.
According to the underwriter, VisionConnect plan is available in combination with Lincoln’s other group benefit products, which offers coverage of glasses and contacts to routine and preventive care.
The Vision Council points out that vision disorders cost businesses over $8bn in lost productivity per annum and uncorrected vision can decrease employee performance by as much as 20%.
Lincoln Financial group protection, specialty health vice president Chris Stevens said at a time when health insurance costs are climbing, Lincoln VisionConnect represents a low-cost benefit that can significantly strengthen employer compensation packages.
"The level of eye care it provides can help individuals identify vision impairments, improve sight, and in some cases, provide early detection of other serious health problems such as cancer or diabetes," Stevens said.
When visiting an in-network provider, the plan covers annual exams in full, after any applicable co-pay and it also includes discounts for laser vision correction procedures.
Lincoln Financial is the marketing name for Lincoln National and its affiliates and the whole gamut offers annuities, life, group life, disability and dental insurance; 401(k) and 403(b) plans, savings plans, and comprehensive financial planning and advisory services.